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& nbsp & nbspSocrates Joachim & nbsp; & nbsp; Forbes presents data on sales made in the 30 municipalities of free Cyprus
In cooperation with Landbank Real Estate Analytics and on the occasion of the discussion on the imposition of 19% VAT on homes above of 140 sq.m. , τ o F orbes presents the number of houses and the average area sold in the country in the seven years 2015-2021.
As can be seen from the data in the seven years 2015-2021 were sold in total in the 30 Municipalities of Cyprus, 5,332 houses of which 2,832 had an area of up to 140 sq.m. and the 2,500 had an area of 140 sq.m. and above. The average area for all the houses sold was 150 sq.m., with the smallest being recorded in 2018 with 145 sq.m. and the largest in 2021 with 160 sq.m.
Most houses and specifically 927 in number were sold in 2018 and the fewest in 2015 with 585 sales.
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However, based on the data, both the number and the average area of the houses sold, which are between 140-200 sq.m., are interesting. and will inevitably be affected by the changes that will be made in relation to the increased VAT following the strict instructions of the Commission. The data in general show that with the changes underway, those who will actually pay for it are the small and medium-sized households.
Specifically the situation in relation to those who bought houses between 140-200 sq.m. in the 30 Municipalities of free Nicosia in the seven years 2015-2021 is as follows:
* From the April issue of Forbes magazine
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